There is a newer version
of
this Section
2019 Rhode Island General Laws
Title 45 - Towns and Cities
Chapter 45-33.2 Municipal Tax Increment Financing Act
Section 45-33.2-13 Trust funds.
Universal Citation: RI Gen L § 45-33.2-13 (2019)
§ 45-33.2-13. Trust funds.
All project revenues received pursuant to the provisions of this chapter which have been pledged as security, including, without limiting the generality of the preceding, security for the repayment of bonds issued pursuant to § 45-33.2-6, are deemed to be trust funds to be held and applied solely as provided in this chapter. Project revenues received pursuant to the provisions of this chapter which have not been pledged as security may be used in any manner consistent with the project plan, as well as, with respect to the tax increment portion of the plan, § 45-33.2-3(7).
History of Section.
(P.L. 1984, ch. 78, § 1; P.L. 1992, ch. 424, § 1.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
